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Arrowhead Research ARWR Liability related to the sale of future royalties

Liability related to the sale of future royalties at other companies

Ionis Pharmaceuticals logo
Ionis PharmaceuticalsIONS
$557.77M+4.0%
Ionis Pharmaceuticals logo
Ionis PharmaceuticalsIONS
$551.35M+1.7%
BridgeBio Pharma logo
BridgeBio PharmaBBIO
$871.19M+75.2%
Elanco Animal Health Inc. logo
Elanco Animal Health Inc.ELAN
$309M
Natera, Inc. logo
Natera, Inc.NTRA
$500K-64.3%
Baxter International logo
Baxter InternationalBAX
$143M

Other financials

Income statement

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Revenue$73.7M-86.4%
Operating income-$141.3M-137%
Net income-$132.7M-136%
EPS (diluted)-$0.93-134%

Balance sheet

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Cash & equivalents$188.5M+1.5%
Total debt$107.9M-5.6%
Total equity$614.0M-10.1%
Total assets$2.3B+44.2%

Cash flow

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Operating cash flow$84.4M-81.6%
CapEx$2.6M-51.6%
Free cash flow$81.9M-82.0%

Valuation

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Market cap$11.52B+402%
Enterprise value$11.44B+418%
P/S18.5×+14.3×

Profitability

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Operating margin-35.7%+63.6pp
Net margin-48.4%+240pp
FCF margin1.8%+0.9pp

Returns & leverage

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Return on equity-46.4%+341pp
Debt / equity0.2×0.0×
Current ratio6.2×+1.1×

Where this comes from

Reported directly by Arrowhead Research in its filing.

Tagged under the XBRL concept arwr:RoyaltiesLiabilityNoncurrent.

The official record: Arrowhead Research’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Arrowhead Research's liability related to the sale of future royalties?
Arrowhead Research (ARWR) reported liability related to the sale of future royalties of $383.83M in Q1 2026.
How has Arrowhead Research's liability related to the sale of future royalties changed year-over-year?
Arrowhead Research's liability related to the sale of future royalties increased by 9.0% year-over-year, from $352.28M to $383.83M.
What does liability related to the sale of future royalties mean?
Long-term obligations related to the sale or monetization of future royalty income.
How do you interpret liability related to the sale of future royalties?
An increase suggests the company has monetized future cash flows to raise immediate capital.
How does liability related to the sale of future royalties compare across companies?
Specific to biotech and pharma companies that use royalty financing to fund R&D.